REPAYING OLD LOANS
NEW PLYMOUTH BOROUGH
OVER £500,000 REQUIRED approval by ratepayers [BY TELEGRAPH —PRESS ASSOCIATION] * NEW PLYMOUTH, Wednesday The raising of a New Plymouth Borough loan of £553,000 was approved to-day by a very small poll of ratepayers by 979 votes to 125. The loan is to repay existing • loans maturing in April next. The purpose of the loan is to provide money for-the repayment of ™ ri °" s to the borough, amounting to £644,bW, which fall due on April 1 next year. Ihe principal items of the maturing loans are as follows: - Electric light works, £299,833; tramways, £102,000; waterworks £72,835; sewers, £14,639: streets and bridges, £146,792. Against the total of £644.600 there is a sum available from the sinking fund of £125,000, leaving a balance of £519,600. The expenses of raising the loan are estimated at £oo,'Hal, bringing the total to £553,000.
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https://paperspast.natlib.govt.nz/newspapers/NZH19320811.2.62
Bibliographic details
New Zealand Herald, Volume LXIX, Issue 21258, 11 August 1932, Page 8
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143REPAYING OLD LOANS New Zealand Herald, Volume LXIX, Issue 21258, 11 August 1932, Page 8
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